A rising 10-year U.S. yield curve and unexpectedly higher weekly jobless claims pressured American markets, while a pause in the oil rally and a disappointing vaccine roll-out weighed on Canadian investors despite a decline in cases worldwide. Volumes continue to be way below normal, and tech stocks continued to lead the sell-off, but the indices closed Thursday off their session lows.<\/p>\n
The TSX, S&P, Dow and especially the Nasdaq all finished around -0.5%. In New York, the 10-year inched up 1.59% to 1.29% which worried investors. The Dow components were mixed as Boeing<\/a> dove 3.16% and Walmart<\/a> fell 6.41% after issuing a cloudy 2021 forecast, despite beating revenues based on e-commerce growth. Big tech names lost some ground, such as Facebook<\/a> which was down 1.53%. Elsewhere, Kraft<\/a> popped 5.24%.<\/p>\n Toronto saw a flurry of headlines. Underperformer Crescent Point Energy announced a blockbuster $900 million purchase of Shell Canada’s Kaybob<\/a> assets. The market greeted the news by propelling CPG<\/a> by nearly 15%, though it closed at 10.53%. As Canadian bank earnings season approaches, Royal Bank<\/a> flirted with one-year highs by rallying 1.62%. In contrast, Canopy<\/a> slid 10.31%. After surging earlier this week, the price of WTI and WCS drifted down by roughly 2% and Canadian oil names declined as well. Materials also showed weakness. Both gold and Bitcoin were flat.<\/p>\n 🛫 Boeing<\/a> -3.16% A rising 10-year U.S. yield curve and unexpectedly higher weekly jobless claims pressured American markets, while a pause in the oil rally and a disappointing vaccine roll-out weighed on Canadian investors despite a decline in cases worldwide. Volumes continue to […]<\/p>\n","protected":false},"author":12,"featured_media":174836,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"cwp_meta_box_check":"No","cwp_rev_product_name":"","cwp_rev_product_image":"","wppr_links":[],"cwp_rev_price":"","wppr_options":[],"wppr_pros":[],"wppr_cons":[],"footnotes":""},"categories":[178],"tags":[],"class_list":["post-212946","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily"],"wppr_data":{"cwp_meta_box_check":"No"},"_links":{"self":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/212946","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/comments?post=212946"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/212946\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media\/174836"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=212946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=212946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=212946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n🛒 Walmart Inc<\/a> -6.41%
\n🕵️♂️ Facebook<\/a> -1.53%
\n🍅 Kraft Heinz Company<\/a> +5.24%
\n🛢 Crescent Point Energy Corp<\/a> +10.53%
\n🏛 Royal Bank<\/a> +1.62%
\n🌿 Canopy Growth<\/a> -10.31%<\/p>\n","protected":false},"excerpt":{"rendered":"